Businesses will pay an average of €245.91 per megawatt hour (MWh) for electricity on Friday, 23 October, excluding VAT, according to data from the Bulgarian Independent Energy Exchange (IBEX). That is 1.7% less than the price for Thursday.

The price is set on the "Day Ahead" segment, where power is bought one day for delivery the next. When trading closed yesterday, the average price for delivery on 22 October was €250.17/MWh.

Peak power, traded for the hours between 09:00 and 20:00, will cost an average of €237.16/MWh on Friday. Off-peak power, for 01:00 to 08:00 and 21:00 to 24:00, will cost more, at an average of €254.66/MWh. The exchange sold 93,794.40 MWh in total.

On the "Intraday" segment today, 60-minute products are trading at a weighted average price of €221.58/MWh and 15-minute products at €227.37/MWh, both excluding VAT.